By Mr Bankruptcy 17th December 2018 Christmas – a time for giving gifts, eating and drinking and inviting friends and family around to celebrate. But if you’re already facing a personal debt problem, or your business is suffering from cash flow issues, then you may not feel like celebrating; you may be worrying that Christmas […]
Read moreBy Mr Bankruptcy 27th November 2018 Whether you’re facing increasingly unmanageable personal debt or your business has a serious cash flow problem, the impact of debt can reach far beyond your financial world. Debt affects your wellbeing, peace of mind, family life and relationships and in the run-up to Christmas, it can make you […]
Read moreBy Mr Bankruptcy 27th November 2018 Debt doesn’t just drop on you out of the blue like a barrow load of bricks from a building site, it’s insidious, gradually spreading and growing to affect more and more of your work, private life and thoughts. So it can be difficult to notice the point when an […]
Read moreBy Julian Donnelly 6th March 2018 One the 1st April 2014, the Financial Conduct Authority (FCA) took over the regulation of the consumer credit market from the Office of Fair Trading and found itself looking at the mammoth task of transferring over some 55,000 firms to the new regulatory regime. In a climate of […]
Read moreBy Julian Donnelly 27th January 2017 Since taking over the regulation of consumer credit in 2014, the Financial Conduct Authority (FCA) has made great strides raising standards right across the board, and in particular the payday loan and debt management sectors. One of the cornerstones of the new regulatory approach is “Treating Customers Fairly” […]
Read moreby Caroline Clark, Director of RMCSC Limited Since April 2016 insolvency practitioners have not been able to recover either success fees or uplift fees in conditional fee agreements or any adverse costs insurance premium, as insolvency practitioners’ exemption from the Legal Aid, Sentencing and Punishment of Offenders Act 2012 came to an end. Regardless of consideration of […]
Read moreBy Julian Donnelly 16th August 2016 Who would have thought it after all this time? We have a female Prime Minister, a Labour Party in disarray, a turbulent economy with a negative outlook, and a tough talking leader stomping about the Kremlin keen to throw his weight around ….please tell me I didn’t […]
Read moreby Azra Malik, Director of Simple Resolve limited. Case Allen and another, Re Longmeade Ltd (in liquidation) [2016] EWHC 356 (Ch) (25 February 2016) (Bailii) The judgment is interesting because of its factual background, rather than any unique point of novelty in the decision itself: The main point of interest is the clear and concise statement by […]
Read moreBy Julian Donnelly 31st March 2016 Hot on the heels of a big change back on the 1st October 2015 where the minimum debt level required to go bankrupt was increased from £750 (where it had been since the introduction of the 1986 Insolvency Act) to £5,000, another big change will take […]
Read moreby Caroline Clark, Director of RMCSC Limited Insolvency practitioners, who have studied to pass the professional exams, will have learnt about insolvency legislation. This includes law and rules, Statements of Insolvency Practice, regulations, case law and the insolvency ethical code. The ultimate purpose of all this legislation is to ensure that insolvency practitioners do a good […]
Read more